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Management of A Small Business

This chapter discusses key aspects of managing a small business, including characteristics like ownership, management, resources, and flexibility. It covers core management functions of planning, organizing, leading, and controlling. It also discusses developing a business vision and mission, and how objectives support these. Finally, it outlines essential human resources processes like job analysis, recruiting, selection, and employee retention.

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Ika Puspa Satriany
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34 views10 pages

Management of A Small Business

This chapter discusses key aspects of managing a small business, including characteristics like ownership, management, resources, and flexibility. It covers core management functions of planning, organizing, leading, and controlling. It also discusses developing a business vision and mission, and how objectives support these. Finally, it outlines essential human resources processes like job analysis, recruiting, selection, and employee retention.

Uploaded by

Ika Puspa Satriany
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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Chapter 5

Management of A Small
Business
Characteristics of A Small
Business
 Ownership
 Management
 Resources
 Organizational Structure
 Flexibility of Change
Management Functions
 Planning
 Organizing
 Leading
 Controlling
Business Vision, Mission
 Business Vision  long term goal of the
business. It reflects emotional part and value
statement where the business wants to go
 Business Mission  A statement of purpose
for existence. It defines long-term goals of the
company but in a specific frame. (Short term)
 Business Objectives (Goals)  Support the
achievement of a business Mission and Vision.
It is stated in a shorter term.
Vision and Mission

 Vision
“To be the leading integrated food services
group in the Asia Pacific region based on
consistent quality products and exceptional
customer-focused service.”

 Mission:
“To maximize profitability, and deliver
sustainable growth year after year.”
Organization Structure
 Used in order every individuals can be
assigned a specific task and
responsibility
 Can be visualized through an
organizational chart.
 Mostly use  Simple Structure
Basics in Personnel Planning
 Job analysis
• The procedure for determining the duties and
skill requirements of a job and the kind of
person who should be hired for it.
 Job Analysis divided into 2 products:
1. Job description
A list of a job’s duties, responsibilities, relationships,
working conditions, and supervisory responsibilities
2. Job specification
A list of a job’s “human requirements,”
Recruiting Process
 Sources in searching for candidates:
- Advertising
- Internet
- Private Employment Agencies
- Referrals
- College Recruiting
Selection Process
 Job Application Form
 Selection Tests
 Job Interview
How to retain Employees ?
 By offering good and attractive
remuneration packages for position
offered by the business
 Two common components of
remuneration packages:
- Cash
- Benefit

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